e. Determine Fisher’s ideal index( round your answer to 2 decimal places) Fisher’s ideal index ___________

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e. Determine Fisher’s ideal index( round your answer to 2 decimal places) Fisher’s ideal index ___________
b. Determine the simple aggregate price index for the two years. (Round your answer to 2 decimal places.)
Simple aggregate price index
c. Determine the Laspeyres price index. (Round your answer to 2 decimal places.)
Laspeyres price index
d. Determine the Paasche price index. (Round your answer to 2 decimal places.)
Paasche price index
Transcribed Image Text:b. Determine the simple aggregate price index for the two years. (Round your answer to 2 decimal places.) Simple aggregate price index c. Determine the Laspeyres price index. (Round your answer to 2 decimal places.) Laspeyres price index d. Determine the Paasche price index. (Round your answer to 2 decimal places.) Paasche price index
Following are the quantities and prices for the years 2010 and 2018 for Kinzua Valley Geriatrics. Use 2010 as the base period.
2010
2018
Price
$ 6.10
Quantity
1,500
Quantity
2,000
12
Item
Price
$ 6.83
Syringes (dozen)
Thermometers
Advil (bottle)
Patient record forms (box)
Copier paper (box)
8.10
10
9.35
4.00
250
4.62
250
6.00
1, 000
6.85
13.65
900
12.00
30
40
E Click here for the Excel Data File
a. Determine the simple price indexes. (Round your answers to 2 decimal places.)
Item
Simple index
Syringes
Thermometers
Advil
111.97
115.43
115.50
114.17
Patient record forms
Computer paper
113.88
Transcribed Image Text:Following are the quantities and prices for the years 2010 and 2018 for Kinzua Valley Geriatrics. Use 2010 as the base period. 2010 2018 Price $ 6.10 Quantity 1,500 Quantity 2,000 12 Item Price $ 6.83 Syringes (dozen) Thermometers Advil (bottle) Patient record forms (box) Copier paper (box) 8.10 10 9.35 4.00 250 4.62 250 6.00 1, 000 6.85 13.65 900 12.00 30 40 E Click here for the Excel Data File a. Determine the simple price indexes. (Round your answers to 2 decimal places.) Item Simple index Syringes Thermometers Advil 111.97 115.43 115.50 114.17 Patient record forms Computer paper 113.88
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